Although an employer may be vicariously liable for an employee’s misconduct, an employer is typically not vicariously liable for an independent contractor’s misconduct. However, there are three exceptions. First, an employer may be liable for an independent contractor’s misconduct if ...

Introduction       Under the vicarious liability doctrine, an employer can, in some circumstances, be held legally responsible for an employee’s misconduct.             Two principles – control and cost-allocation – justify imposing vicarious liability on an employer for an employee’s misconduct. ...

Introduction In the late 2000’s, a series of economic conditions came together to cause a major downturn in real estate and mortgage finance markets. This “bursting” of the real estate bubble created a ripple effect throughout the economy that is ...

The first part of this course focused on the various types of mortgages commonly available and the process of formalizing the loans. Next, we turn to the rights of the consumer or, in this case, the borrower. Congress and the ...

Buying a home using a mortgage is complex and time-consuming. Several documents must be executed to effectuate the transfer, ranging from financial documents to consumer protection disclosures and contracts. This module explains how and when real estate finance documents must ...

COMMON REAL ESTATE FINANCE METHODS Common Real Estate Finance Methods: Most people take out mortgage loans to help pay for real estate purchases just as people take out other loans to pay for other expenses. These complexities and the originations, ...

Common Ownership A common interest property, or “community interest” property, is real estate where the owner, by virtue of his ownership of a partial interest or unit, must pay for the maintenance, improvement, insurance of common areas described in a ...

Deeds and Legal Title A person seeking to be the legal owner of a parcel of land must possess legal title.[1]  A deed is a written instrument that conveys legal title to real property from one owner to another.[2]  The deed must ...

Conducting due diligence requires both a seller and buyer to “do their homework.” It will take a considerable amount of time to complete because the buyer and seller must both take necessary steps to ensure that the seller is conveying ...

FINANCING REAL ESTATE TRANSACTIONS Mortgages The most common ways homebuyers finance home purchases are with mortgages. A mortgage is a legal encumbrance on property – it is a loan for which property is the collateral. The lender loans money which ...